How to Buy Bancor Network Token (BNT) in Armenia

A Step-by-Step-Guide on how to buy Bancor Network Token (BNT) in Armenia

Step 1 – Signup to Coinmama

You will first need to buy one of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and getting your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Bancor Network Token (BNT) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find {Bancor Network Token (BNT)|(BNT) Bancor Network Token}

Once your deposit has been verified, you will instantly have access to your assets and you can begin buying and trading. To buy {Bancor Network Token (BNT)|(BNT) Bancor Network Token} on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To find {Bancor Network Token (BNT)|(BNT) Bancor Network Token}, you will need to insert the shortname of the coin (BNT) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we have marked this too. Click on “BNT/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Bancor Network Token (BNT)
Step 4 – Buying {Bancor Network Token (BNT)|(BNT) Bancor Network Token}

After you've discovered {Bancor Network Token (BNT)|(BNT) Bancor Network Token}, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the latest rate {Bancor Network Token (BNT)|(BNT) Bancor Network Token} was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of BNT you wish to buy. The ”Total” field is the whole price in BTC that you'll pay for the whole amount of BNT.

If you are glad, make a mouse click on “Buy BNT”. Your order will be filled when a Vendor trades their BNT for the price you submitted.

Step 5 – Withdraw {Bancor Network Token (BNT)|(BNT) Bancor Network Token}

Unless you are trading, never keep your coins on an Crypto Trader for an extensive period of time. To withdraw your {Bancor Network Token (BNT)|(BNT) Bancor Network Token}, go to the tab called “Funds” and mouse click on “Withdraw”. {Bancor Network Token (BNT)|(BNT) Bancor Network Token} can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Bancor Network Token (BNT)|(BNT) Bancor Network Token} by using the provided drop-down box. Put into the quantity of {Bancor Network Token (BNT)|(BNT) Bancor Network Token} you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

When you are happy, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.

Congratulations! You've successfully bought and stored Bancor Network Token (BNT) in Armenia.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the {Bancor Network Token (BNT)|(BNT) Bancor Network Token} is safe within your wallet, you are all done.

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